Monetary Policy
Renewed Middle East hostilities prompt Nigeria to hold
Central bank keeps rates at 26.5%, despite moderating inflation
Indonesia unexpectedly holds, thereby ending tightening spree
Economists see room for BI to keep rates at their current level as rupiah depreciation pressures ease
Argentina should borrow from international markets – Obstfeld
Economist calls for transition to floating exchange rate with inflation targeting
Hungary continues easing cycle with 25bp cut
Central bank says further rate cuts likely, despite inflationary impact of Iran war
China leaves LPRs on hold for 14th consecutive month
Decision in keeping with ‘moderately loose’ policy stance repeatedly outlined by PBoC officials
Everything you always wanted to know about money (but were afraid to ask)
Rupal Patel and Jack Leslie, authors of ‘Money: the inside story’, speak about how central banks can improve their comms – and credibility – by tackling popular misconceptions about how finance works
Shocks greater when inflation already high – BoE study
Bank publishes latest response to Bernanke review of UK monetary policy-making
Jasmina Selimović on managing Europe’s last currency board
The Central Bank of Bosnia and Herzegovina governor speaks about building resilience to counter geoeconomic shocks, strengthening reforms amid EU convergence, addressing stablecoin and NBFI risks, Sepa integration, and capacity building.
BoE’s scenarios are best way forward, say ex-MPC members
Former UK policy-makers say forecasting approach is suited to today’s highly uncertain times
Canada holds rates for sixth time as growth outlook improves
Governor’s remarks removed explicit reference to future cuts or hikes
BoK hikes rates and signals further tightening
Bank announces first rise in more than three years as Shin says growth and inflation will remain elevated
Angola cuts rates as inflation reaches 11-year low
Central bank says ‘no inflationary pressures in sight’ over coming months
Overnight reverse repos are for managing liquidity, says PBoC
Deputy governor reiterates that seven-day facility still provides benchmark lending rate
Ethiopia raises rates for first time in two years
Move comes as NBE removes lending cap on commercial banks
US inflation and monetary policy at ‘crossroads’ – Waller
Fed governor says FOMC must be ready to prevent repeat of post-Covid inflation
RBNZ says New Zealand faces greater risk of persistent inflation
Central bank’s chief economist believes monetary policy may need to respond ‘more firmly’
Policy transmission weaker in poorer countries – paper
Authors say disconnect may reflect limited financial inclusion and prevalence of informal credit
Perception is reality when it comes to comms – BoE paper
Study finds central bank messaging rarely reaches public, though it shapes media narratives
Serbia holds rates for 22nd consecutive month
Central bank says it is continuing to pursue cautious monetary policy
Move to inflation targeting could boost resilience – IMF paper
Countries in Middle East and central Asia should make exchange rates more flexible, authors say
Romania and Poland continue to hold rates
Central banks exercise caution as inflation and geopolitical risk cloud outlook
FOMC worried about inflation despite rate hold
Minutes of June meeting highlight ‘broad-based’ price rises and persistent core inflation
Malaysia holds rates amid ‘fluid’ situation in Middle East
Central bank has kept benchmark rate at 2.75% for 12 months running
RBNZ tightens policy and expects more hikes to come
Central bank says inflation still above target